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FTC

FinTech ChainASX:FTC Stock Report

Market Cap

AU$41.6m

7D

-1.5%

1Y

-41.8%

Updated

26 Oct, 2021

Data

Company Financials
FTC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health2/6
Dividends0/6

FTC Overview

FinTech Chain Limited, an investment holding company, engages in the provision of system development and information technology services in the People’s Republic of China.

Price History & Performance

Summary of all time highs, changes and price drops for FinTech Chain
Historical stock prices
Current Share PriceAU$0.064
52 Week HighAU$0.049
52 Week LowAU$0.13
Beta1.28
1 Month Change8.48%
3 Month Change6.67%
1 Year Change-41.82%
3 Year Change20.76%
5 Year Change-17.95%
Change since IPO-92.89%

Recent News & Updates

Sep 21
We Think The Compensation For FinTech Chain Limited's (ASX:FTC) CEO Looks About Right

We Think The Compensation For FinTech Chain Limited's (ASX:FTC) CEO Looks About Right

Performance at FinTech Chain Limited ( ASX:FTC ) has been rather uninspiring recently and shareholders may be wondering...

Jun 07
We Think That There Are Issues Underlying FinTech Chain's (ASX:FTC) Earnings

We Think That There Are Issues Underlying FinTech Chain's (ASX:FTC) Earnings

FinTech Chain Limited ( ASX:FTC ) announced strong profits, but the stock was stagnant. Our analysis suggests that...

Jun 02
Why Investors Shouldn't Be Surprised By FinTech Chain Limited's (ASX:FTC) 31% Share Price Plunge

Why Investors Shouldn't Be Surprised By FinTech Chain Limited's (ASX:FTC) 31% Share Price Plunge

FinTech Chain Limited ( ASX:FTC ) shareholders that were waiting for something to happen have been dealt a blow with a...

Shareholder Returns

FTCAU ITAU Market
7D-1.5%-0.7%0.8%
1Y-41.8%12.7%24.4%

Return vs Industry: FTC underperformed the Australian IT industry which returned 12.7% over the past year.

Return vs Market: FTC underperformed the Australian Market which returned 24.4% over the past year.

Price Volatility

Is FTC's price volatile compared to industry and market?
FTC volatility
FTC Beta1.28
Industry Beta1.68
Market Beta1

Stable Share Price: FTC is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: FTC's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2010133John Xionghttps://www.ttg.hk

FinTech Chain Limited, an investment holding company, engages in the provision of system development and information technology services in the People’s Republic of China. It also provides point-of-sale machines. The company’s products comprise Payment T+ that includes prepaid card, integrated payment cashier, and commission assignment system, as well as POS P acquiring system; Clearing F.E.A, such as bank identification number based promotion tool system, traceable transaction electronic authentication platform, horizontal alliance clearing and settlement platform, and universal points platform; Q-Life, a web-based community service system that provides digital value-added services for property management and convenient life-support services for community residents; T-Linx that integrates various payment methods, including credit/debit cards, WeChat, and QR codes, etc.; and community O2O service platform; e-commerce supply chain system services; and T-PAD, T-BOX, TL-007, TL 008/009, and T-Linx Remix Mini hardware products.

FinTech Chain Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
FTC income statement (TTM)
RevenueCN¥54.77m
Cost of RevenueCN¥26.90m
Gross ProfitCN¥27.87m
ExpensesCN¥17.58m
EarningsCN¥10.29m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.016
Gross Margin50.89%
Net Profit Margin18.78%
Debt/Equity Ratio-673.1%

How did FTC perform over the long term?

See historical performance and comparison

Valuation

Is FinTech Chain undervalued compared to its fair value and its price relative to the market?

19.39x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FTC (A$0.06) is trading above our estimate of fair value (A$0.03)

Significantly Below Fair Value: FTC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FTC is good value based on its PE Ratio (19.4x) compared to the Australian IT industry average (43.3x).

PE vs Market: FTC is good value based on its PE Ratio (19.4x) compared to the Australian market (20x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FTC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FTC has negative assets, so we can't compare its PB Ratio to the AU IT industry average.


Future Growth

How is FinTech Chain forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

48.6%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as FinTech Chain has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has FinTech Chain performed over the past 5 years?

58.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FTC has a high level of non-cash earnings.

Growing Profit Margin: FTC's current net profit margins (18.8%) are higher than last year (9.9%).


Past Earnings Growth Analysis

Earnings Trend: FTC has become profitable over the past 5 years, growing earnings by 58.7% per year.

Accelerating Growth: FTC's earnings growth over the past year (191.7%) exceeds its 5-year average (58.7% per year).

Earnings vs Industry: FTC earnings growth over the past year (191.7%) exceeded the IT industry -11.2%.


Return on Equity

High ROE: FTC's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is FinTech Chain's financial position?


Financial Position Analysis

Short Term Liabilities: FTC has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: FTC has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: FTC has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: FTC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: FTC's debt is well covered by operating cash flow (21.4%).

Interest Coverage: FTC's interest payments on its debt are well covered by EBIT (4.5x coverage).


Balance Sheet


Dividend

What is FinTech Chain current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FTC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FTC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FTC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FTC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FTC's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.6yrs

Average board tenure


CEO

John Xiong (46 yo)

9.17yrs

Tenure

CN¥713,507

Compensation

Mr. Qiang Xiong, also known as John, has been Chief Executive Officer of FinTech Chain Limited (formerly known as TTG Fintech Limited) since August 1, 2012 and has been its President since May 03, 2019. Mr...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD111.73K) is below average for companies of similar size in the Australian market ($USD301.38K).

Compensation vs Earnings: John's compensation has increased by more than 20% in the past year.


Board Members

Experienced Board: FTC's board of directors are considered experienced (6.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

FinTech Chain Limited's employee growth, exchange listings and data sources


Key Information

  • Name: FinTech Chain Limited
  • Ticker: FTC
  • Exchange: ASX
  • Founded: 2010
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Market Cap: AU$41.649m
  • Shares outstanding: 650.77m
  • Website: https://www.ttg.hk

Number of Employees


Location

  • FinTech Chain Limited
  • 1701, Block B 2
  • No.15 KeYuan Road
  • Shenzhen
  • Guangdong Province
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 07:01
End of Day Share Price2021/10/22 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.